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fontaintoday at 4:15 PM1 replyview on HN

"The company has generated an operating loss for the year to 31 December 2024 of £690,252 (2023: profit of £1,509,544) and revenue of £2,215,381 (2023: £1,960,340). As at 31 December 2024, net liabilities were £45,506,488 (2023: £44,855,202)."

"The financial statements have been prepared on a going concern basis on the grounds that Paramount Global has confirmed that it will continue to provide financial and other support to Last. FM Limited at least for the next twelve months and thereafter for the foreseeable future to enable Last.FM Limited to continue to meet all its liabilities as they fall due."

I wonder what their financing plan is, and what shape this independence will take, whether Paramount is retaining a minority ownership take? Seems like they might just be able to scrape break even based on current revenue.


Replies

heldridatoday at 4:33 PM

They have a lot of users paying to track their listening habits; I'm surprised.